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Spectrum Markets: Sentiment Data Shows Retail Investors Were Bullish On Oil Ahead Of OPEC+ Announcement

Spectrum Markets: Sentiment Data Shows Retail Investors Were Bullish On Oil Ahead Of OPEC+ Announcement Date 02/06/2021 Spectrum Markets, the pan-European trading venue for securitised derivatives, saw European retail investor sentiment towards oil jump at the start of this week as investors positioned themselves positively ahead of yesterday afternoon’s OPEC+ announcement.   Spectrum’s SERIX TM indicator of European retail investor sentiment (see below for more information on methodology) rose to 118 for WTI and 102 for Brent on Monday. This compares to an average SERIX TM value for both underlyings of 98 over the last 12 months. Sentiment turned bearish again on the day of the announcement itself, dropping to 84 for WTI and 92 for Brent, suggesting many investors took profits or sought to capitalise on any short-term downward price movements.

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